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Mahesh Padmanabhan |124 Answers |Ask -Follow

Tax Expert - Answered on Feb 03, 2023

Mahesh Padmanabhan has specialised in payroll, personal and corporate taxation for more than two and a half decades, enabling him to provide practical, realistic and correct advice to his clients.
He is a member of The Institute of Chartered Accountants of India and has a degree in cost accounting from the Institute of Cost Accountants of India.
He is also a qualified information systems auditor. ... more

Question by Rohini on Feb 02, 2023Hindi

Money

Hi Mahesh,Is there any time limit for continuation in new tax regime if we opt in AY 2024-25 or we can change it to old tax regime in AY 2025-26

Ans: Answered this question

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Asked by Anonymous - Feb 01, 2023Hindi

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I opted for new tax regime for FY 20-21 and moved back to new tax regime for FY 21-22 since i bought a house. Can I opt for new tax regime again now or have to continue with the old tax regime.

Ans: You can switch to new scheme if you don't have income from business

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Question by Rohini - Feb 02, 2023Hindi

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Hi Mahesh,Is there any time limit for continuation in new tax regime if we opt in AY 2024-25 or we can change it to old tax regime in AY 2025-26

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Question by Rajeev - Feb 03, 2023Hindi

If in FY 2022-23 I have opted for old regime of income tax, may I opt new tax regime for FY 2023-24

Ans: For a person earning income from source other than business and profession, option of availing old tax regime is available every year and new tax regime rates are default from FY 2023-24 as per proposal of Budget 2023

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Question by N - Feb 16, 2023Hindi

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Suppose I opt for new tax regime for current financial year , is it open for me to switch over to old tax regime next financial year ?

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Question by rajani - Feb 22, 2025Hindi

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I got 94 percentile in jee mains 2025 in general ews female category what branch and nit can I get

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Question by M - Feb 22, 2025Hindi

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Sir my son .jee mains 98.186%-EWS-boy. NIT or IIIT. CDE

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I got 83.92 percentile from obc category can i get any nit/iiit with cse branch

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My son belongs to OBC/NCL category. He got 79.8 percentile for JEE MAIN first session. Is there any chance to get admission for b.tech in any nits?

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Insurance, Stocks, MF, PF Expert - Answered on Feb 23, 2025

Asked by Anonymous - Feb 22, 2025Hindi

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i have 100 shares of reliance petroleum limited on ipo in 1995.tody how many shares

Ans: Hello;

At the time of merger(Mar-2009) the swap ratio was 16:1.

So for every 16 shares of Reliance petroleum you may expect 1 share of RIL.

Therefore 6 RIL shares as on today.(fractional amount will be paid in cash by RIL)

Considering 3, 1:1 bonus share by RIL thereafter leads to around 48 RIL shares as on today.

Best wishes;

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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